Scotch Whisky

India beating US, China's consumption rates of premium spirits: Researcher

India's rising affluent class is fuelling a surge in high-end spirits sales, with Scotch whisky and fine wines registering double-digit growth, outpacing consumption rates in the US and China, according to a Switzerland-based researcher. "One subcategory where India surpasses China and is growing at double the rate of the USA over a five-year CAGR is Scotch luxury whisky," Simon Joseph, a senior luxury brand builder and consumer experience expert based in Zurich, said. Joseph, a researcher with Glion Institute of Higher Education, said according to various data forecasts, the luxury Scotch whisky market is also growing at 16 per cent CAGR up to 2024-end. Scotch whisky exports to India grew at a compound annual growth rate of 66% up to 2022, outpacing the US, China, and other significant markets, Joseph said, citing data from the UK-based Scotch Whisky Association (SWA). According to the UK-based SWA data, the equivalent of 167 million bottles were exported to India in 2023, up 27%

ABD in talks with Russian Standard, ThaiBev for India product distribution

Allied Blenders & Distillers holds an estimated 11.8% market share in the Indian whisky market and is looking to expand its spirits portfolio, venturing into segments like vodka and scotch

Alcobev players ramp up single-malt portfolio to cater to surge in demand

On market expansion, DeVans plans to make a significant entry into Maharashtra this year while also strengthening its foothold in Goa

Indri sells 100,000 cases, turns world's fastest growing single malt whisky

The Indian alcoholic beverages industry is set for improved profit margins and heightened sales in FY25, says ratings agency

Indian market is a story of premiumisation, says Pernod Ricard India CEO

Jean Touboul, chief executive officer (CEO), Pernod Ricard India, speaks about India being one of the important markets globally

Desi single malts raise the bar, pour stiff challenge to foreign peers

India's optimal weather conditions serve as a catalyst, imparting a distinctive flavour profile

Indian single malts beat global brands, capture 53% sales in 2023: Report

The top Indian brands, which contributed to this milestone, included Amrut, Paul John, Radico Khaitan's Rampur, Indri, among others

India looks for greater mkt access for alcoholic beverages in FTA: Official

India looks for greater market access on a reciprocal basis for its alcoholic beverages while negotiating free trade agreements (FTAs), a senior government official said on Thursday. Additional Secretary in the Commerce Ministry, Rajesh Agrawal, said that demand for Indian spirits is growing in the world. "On the market access point of view, it is on a reciprocal basis. If we are opening up our market in any way...we also try to look for market access in other countries," he told reporters here. The remarks assume significance as India is negotiating a free trade agreement with the UK and the European Union (EU). Cutting customs duties in the sector is one of the key demands of these countries. "This is one of the areas (where) we are trying to negotiate upon and...we are trying to see that the duty concessions that are required in various destinations, we get (that)," he said. He added that the condition that for a product to qualify as a whisky, it must be matured for a period n

Raising the bar: How Indian whisky brands are making a splash in West

Whisky consumption in India is set to reach 289.49 million cases by 2027-28, according to a Research and Markets report

A rare 1926 Macallan whisky sold for a record price at a Sotheby auction

A 1926 Macallan whisky created history by selling at a record price of Rs 22 crore at a Sotheby auction in London. The whisky also has a label of Valerio Adami

Why Indian single malt whiskeys could soon turn the table on Scotch

Since scotch accounts for just 2% of the whisky consumed in India, the scope for expansion has distillers in Scotland fairly smacking their lips in anticipation

This Indian single malt won the best whisky award in 2023

India's Indri whisky awarded world's best single malt; all you need to know

Indri whisky is the first Indian whisky to win this renowned award

From weddings to fancy distilleries, Asia taking over world's whisky market

Asia is where the longer-term growth will be, especially as you convert people from whatever the local whiskies are or the cheaper blends to more expensive whiskies over time

Demand for Indian single malt catching up with rivals from Scotland

The sales of Indian malt under Amrut brands have crossed the sales of Glenlivet 12 years old, which was the highest-sold Scotch in 2022

Govt likely to slash duty on UK cars, scotch whisky under trade pact

Striking a trade accord is critical for India's ambition to become a manufacturing powerhouse, while the UK is seeking to clinch new deals to highlight the benefits of Brexit

Tipping over tippling: Scotch consumption in India has doubled since 2020

In 2022, India became the world's leading Scotch export destination by volume

British Scotch companies seek safeguard against excise duty hikes

The organisation fears any import tariff liberalisation could be offset by increases in state-level taxes

India topples France as UK's largest Scotch whisky market; imports up 60%

India has overtaken France to become the UK's largest market of Scotch whisky in terms of volume with a 60 per cent hike in imports in 2022 over the previous year, according to the latest figures released by Scotland's leading industry body. The Scotch Whisky Association (SWA) revealed on Friday that India imported 219 million 70cl bottles of Scotch compared to France's 205 million last year representing growth of the Indian Scotch market of more than 200 per cent in the past decade. As one of the key sectors of focus for the UK in the free trade agreement (FTA) talks with India, now in their seventh round of negotiations, SWA pointed out that the hike in volume still makes up only a fraction of the Indian whisky market due to high tariffs. Despite double-digit growth, Scotch whisky still only comprises 2 per cent of the Indian whisky market, the association said. SWA analysis shows that a UK-India FTA deal which eases the 150 per cent tariff burden on Scotch whisky in India could

Alcohol sales in India rose to a four-year high in 2022, says report

The rise was the sharpest in premium products with their portfolio now accounting for a fifth of all the whisky sold in India